GF0: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GF0
Largest movements
- Cash -€5,960
down €5,960 (-64.4%), from €9,259 to €3,299
mainly Debts after one year (-€38,839) and Tax, wage and social debts (-€10,165)
- Debts after one year -€38,839
down €38,839 (-62.9%), from €61,759 to €22,921
- Profit (loss) carried forward +€32,920
up €32,920 (+29.6%), from €111,160 to €144,080
- Tax, wage and social debts -€10,165
no longer reported in 2025 (was €10,165)
- Other debts +€10,000
up €10,000 (+11.1%), from €90,449 to €100,449
- Gross operating margin +€5,359
up €5,359 (+13.2%), from €40,522 to €45,882
- Taxes +€1,581
up €1,581 (+16.4%), from €9,667 to €11,247
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,615 | €383,740 | -€3,874 | -1.0% |
| Fixed assets | 21/28 | €375,000 | €376,333 | +€1,333 | +0.4% |
| Financial fixed assets | 28 | €375,000 | €376,333 | +€1,333 | +0.4% |
| Current assets | 29/58 | €12,615 | €7,407 | -€5,207 | -41.3% |
| Amounts receivable within one year | 40/41 | €3,356 | €4,109 | +€753 | +22.4% |
| Other amounts receivable | 41 | €3,356 | €4,109 | +€753 | +22.4% |
| Cash at bank and in hand | 54/58 | €9,259 | €3,299 | -€5,960 | -64.4% |
| Total equity and liabilities | 10/49 | €387,615 | €383,740 | -€3,874 | -1.0% |
| Equity | 10/15 | €171,160 | €204,080 | +€32,920 | +19.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,160 | €144,080 | +€32,920 | +29.6% |
| Amounts payable | 17/49 | €216,455 | €179,660 | -€36,794 | -17.0% |
| Amounts payable after more than one year | 17 | €61,759 | €22,921 | -€38,839 | -62.9% |
| Financial debts | 170/4 | €61,759 | €22,921 | -€38,839 | -62.9% |
| Amounts payable within one year | 42/48 | €151,405 | €153,448 | +€2,043 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €38,272 | €38,839 | +€566 | +1.5% |
| Financial debts | 43 | €12,000 | €12,000 | = | 0.0% |
| Credit institutions | 430/8 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €519 | €2,160 | +€1,641 | +316% |
| Suppliers | 440/4 | €519 | €2,160 | +€1,641 | +316% |
| Taxes, remuneration and social security | 45 | €10,165 | - | -€10,165 | |
| Taxes | 450/3 | €10,165 | - | -€10,165 | |
| Other amounts payable | 47/48 | €90,449 | €100,449 | +€10,000 | +11.1% |
| Accrued charges and deferred income | 492/3 | €3,290 | €3,292 | +€1 | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €40,522 | €45,882 | +€5,359 | +13.2% |
| Operating profit (loss) | 9901 | €40,135 | €45,882 | +€5,747 | +14.3% |
| Financial charges | 65/66B | €2,019 | €1,714 | -€305 | -15.1% |
| Recurring financial charges | 65 | €2,019 | €1,714 | -€305 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €38,116 | €44,167 | +€6,052 | +15.9% |
| Income taxes | 67/77 | €9,667 | €11,247 | +€1,581 | +16.4% |
| Profit (loss) for the period | 9904 | €28,449 | €32,920 | +€4,471 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,449 | €32,920 | +€4,471 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.